From a technical structure perspective, on the daily level, the price is under pressure, oscillating around the middle track, and the running channel is in a state of narrowing down. The bearish volume arrangement continues, with phantom bars but no signs of reduced volume. The moving averages are turning upwards but cannot be maintained. It cannot be said that there are obvious signs of a significant downward trend, but currently, there is no demand for an upward surge.

On the four-hour level, the pattern shows an upward probing with spikes, presenting a retracement trend. The bullish volume is insufficient, making it difficult for the running channel to open upwards. The moving averages are subtly turning, and in the short cycle rhythm, it still leans towards a weak downward consolidation. Moving forward, our strategy will primarily focus on entering short positions.

Personal trading advice for Bitcoin: go short around 106,500-107,000, targeting 105,000-104,000.

Personal trading advice for Ethereum: go short around 2,580, targeting 2,500-2,480.